Kommentar:
This is a fib failure. .618 is violated look to .786 or .886 for next levels. MACD is gaining downward Momentum. Bollinger B% is nearing zero line and will cross soon. For those on the sidelines prepare an entry plan according to your risk profile.

Kommentar:
V formation above the Bollinger B% Zero line is formed on the daily. This could be good for a short pop for a dime....A "V" indicates a fast move that is usually a Dead Cat Bounce.-Hunt Carefully

Kommentar:
Good Morning all....Well, nearly 11 hours have passed since my last update and we are a stalemate. The .618-.786 range is holding strong. Looking at the Daily- it shows that the 1.00 level closing candles have retested three times.

I think we are near a bottom on this...there is a chance this may go lower and the lowest candlesticks are in the .80's. So, I am setting an entry point for a downward spike at .85 at 25% of holdings-Just in case, this goes lower. Call this entry 1.

Each of you must assess your own risk to reward and this is not an investment advice. I am announcing my plan based on my assessments and experience. I am not responsible for the actions of other traders.

Kommentar:
See New Comments

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This is approaching zero line....watch for .88 to .92 with a potential to 1.37

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Update.

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I forgot to say that the MACD is diverging again with added strength to the down! Blue lines added to emphasize new targets and potential entry. XRP will be added to two major exchanges and I expect an uptick soon. This is still a bear market!!!!!

Kommentar:
Another obvious observation XRP is trying to reenter the parallel down channel.

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Possible Entry Zones

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The previous update and zones are created by the use of FIB Retracement and Extensions. The Extension is from the low of 17 Jan to the high of 20 Jan. The Extension and the Retracement did not correlate-which means that there is a disparity. This disparity results in potential zones rather than absolute confirmation and probabilities.

Kommentar:
nice little pop.....but looking for a Bollingerb% Hook.

Kommentar:
Yikes forgot to mention.....PSAR indicator is down. In order for a transition to occur today-UT, XRP must cross 1.50....This is highly doubtful.

XRP issues formal press release SBI Virtual Currency-One of Japans largest Financial firms. The announcement states the new platform will use XRP exclusively.

“Not only does it have a clear use case, XRP is faster, cheaper and more scalable than any other digital asset,” Mr. Kitao said. “I strongly believe it will become the global standard in digital currencies.”